OpenAI cuts funding target by $10 billion amid tech rout: Report

OpenAI has reduced its latest fundraising target by $10 billion, from $30 billion to $20 billion, amid growing investor concerns over AI spending, the Financial Times reported. The company has also reportedly lowered its proposed valuation from $1.4 trillion to $1.25 trillion. Some investors have cut their commitments amid a broader sell-off in technology stocks.